Shares of Mid-America Apartment Communities, Inc. (NYSE:MAA – Get Free Report) have earned a consensus rating of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $159.91.
A number of brokerages have recently weighed in on MAA. Janney Montgomery Scott upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, June 13th. The Goldman Sachs Group began coverage on Mid-America Apartment Communities in a research note on Wednesday, September 4th. They set a “buy” rating and a $187.00 target price on the stock. Bank of America upgraded Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and increased their target price for the stock from $144.00 to $189.00 in a research note on Monday, August 12th. UBS Group increased their target price on Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a research note on Thursday, July 18th. Finally, Royal Bank of Canada increased their target price on Mid-America Apartment Communities from $145.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd.
View Our Latest Analysis on MAA
Institutional Investors Weigh In On Mid-America Apartment Communities
Mid-America Apartment Communities Stock Performance
MAA opened at $157.77 on Friday. Mid-America Apartment Communities has a 12-month low of $115.56 and a 12-month high of $167.39. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.63 and a beta of 0.88. The business has a 50 day moving average of $155.64 and a 200-day moving average of $141.99. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.76.
Mid-America Apartment Communities Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Tuesday, October 15th. Mid-America Apartment Communities’s dividend payout ratio is presently 123.27%.
About Mid-America Apartment Communities
MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.
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